App performance management platform Instana raises $30 million

Instana, an application performance management (APM) platform for dynamic applications deployed in the enterprise, has raised $30 million in a series C round of funding led by Meritech Capital, with participation from its series B lead investor, Accel.

Founded in 2015, Instana offers enterprises automated APM services that leverage artificial intelligence (AI) to monitor their infrastructure and application performance. It maps the various components and interactions between applications and servers and spots anomalies in performance, throughput, error rates, and other issues when they occur.

Instana had previously raised $27 million in funding, and with another $30 million in the bank the company plans to grow its product offering and expand into more international markets.

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